At that same debate Mitt Romney countered that while renewable energy sources are helpful, the United States needs to full exploit is full fossil energy potential.
"But what we don't need is to have the president keeping us from taking advantage of oil, coal and gas. This [president] has not been Mr. Oil or Mr. Gas or Mr. Coal. Talk to the people that are working in those industries. I was in coal country. People grabbed my arms and say, please, save my job. The head of the EPA said, you can't build a coal plant. If we do what I am planning on doing, which is getting us energy-independent - North American energy independence within eight years - you're going to see manufacturing jobs come back because our energy is low-cost."
According to the Department of Energy, the U.S. imported less than half of the petroleum it consumed last year, down from 60 percent 6 years ago.
Gasoline consumption has dropped to its lowest level in ten years. Production of U.S. oil rose during the Obama administration, but not as much as Governor Romney would like.
President Obama postponed approval of extending the Keystone pipeline from Canada, requiring more environmental impact studies. Governor Romney blames rising U.S. gas prices on that delay.
So what influence does any president have on production and gas prices in a global oil market?
"On the creation of energy, the drilling of oil - I think it's relatively limited," added Roy. "That happens largely in the private market, it happens largely in an international market. We have a small fraction of the world's energy reserves here. Even if we greatly expanded it [production], it would be a drop in the global bucket."
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2013-11-27
2013-11-27
2013-11-27
2013-11-27
2013-11-27
2013-11-27